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    Tax problem with daytrading futures in Roth IRA?

    http://www.greencompany.com/Traders/TraderRetirement.shtml#tradingretirement About two thirds of the way down is written: "This raises an important question of great concern to many traders. Will the IRS consider day or swing trading in an IRA account a camouflaged ?profit-producing...
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    Tax problem with daytrading futures in Roth IRA?

    I don't get it. I looked at those tax laws and couldn't see anything relevant. What the heck do the laws around "unrelated business income" have to to with daytrading futures or stocks in an IRA account? I would think that trading/investing for retirement (regardless of how active you...
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    Tax problem with daytrading futures in Roth IRA?

    TraderStatus - are you saying that trading futures freuquently would be a problem or not? If North Star offers a custodial plan to trade futures then trading futures for retirement purposes, is that plan's purpose. Surely there can be no question that trading futures in an IRA is legal and...
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    Tax problem with daytrading futures in Roth IRA?

    What a grey area hey? Surely someone must know something. I mean, are the people at North Star and Millenium just giving us half of a story? Because I don't see anywhere on their web sites that says: "Yes, we offer futures in IRAs, but please remember not to trade these accounts too...
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    Tax problem with daytrading futures in Roth IRA?

    Several custodial trust companies allow anyone to open a Roth IRA account and trade futures in it. Here are just two: http://www.northstartrust.com/iras.asp http://www.mtrustcompany.com/ira.html If your income qualifies you to contribute $4,000 into a Roth IRA account this year - what a...
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    Why is the Futures market supposedly more difficult?

    Grob109 has been getting to you I see! Look at it this way - it's worth having him around just for the entertainment value! "Talking in tongue" is not meant for mere mortals to understand anyway. To accomplish that level of understanding you have to be a TRUE BELIEVER! The guy is a riot...
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    Why avoid the open?

    I also choose to avoid the first fifteen minutes. I guess it depends on what vehicle you trade and how you define the open. I only trade the ES and while I sit out the first fifteen minutes, I find the next 45 minutes i.e. 9:45 - 10:30 EST to be the best trading time of the day, bar none...
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    Brokers

    I also use ProActive futures - with the CQG Trader platform. They are very good. Upfront advertising of their commission rates which is a breadth of fresh air!
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    Living on a boat and avoiding taxes

    I believe that you can have a futures IRA with IB, yes. But it's not the brokers who charge anything for trading in an IRA, it's the trust companies. IB were a bit slow to offer futures IRAs and I don't know what restrictions/costs their trust company has. I once heard that they wouldn't allow a...
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    Living on a boat and avoiding taxes

    For US citizens, why not just trade tax-free in a Roth IRA? Ther are any number of trust companies that will hold the IRA and let you open a self-directed (margin) futures/stock account at a plethora of brokers. No need for shady tax dealings, living on a boat, nor sleepless nights. So simple...
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    What are the lowest commissions for e-mini futures for index trading.(Lower than IB)

    www.proactivetrading.com Not affiliated - other than being a customer who recently opened an account. So far so good. Up front about their fees on their web site which I found refreshing.
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    RS of Houston

    http://www.cftc.gov/enf/00orders/enfrsofhouston.htm
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    OK IB - What Is Going On?!!!

    I'm not suggesting anything new - the way IB did things until a week ago was perfect! Traders want to visually differentiate between what orders are native and what are not. Green was native ...that was universal. Now it isn't. Now blue will sometimes be native and sometimes non-native. It's...
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    OK IB - What Is Going On?!!!

    I trade on multiple exchanges and always liked seeing different colours for native and non native orders. I suspect that most IB users would agree that this made more sense than the new logic. What is the difference between a protective stop and a normal stop (I don't mean in trading terms...
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    OK IB - What Is Going On?!!!

    Def, this is what one service rep told a trader recently: "Dear Trader, Both stop and stop limit orders are native orders on Globex. However when placed as part of an OCA group one of the orders will be held on the IB servers and its order status will be shown as dark blue. The other order...
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    OK IB - What Is Going On?!!!

    Thank you def as ever. If only all IB reps were like you! I think this is a really important issue and the bottom line from a trader's perspective is that we need to see a different colour in TWS for native orders as compared to non-native orders. I can recall a problem within the last 12...
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    OK IB - What Is Going On?!!!

    Oh man, what's the name of the PR course that IB puts their customer reps through? I'm trying my best to be polite but it is clear to me that you are not grasping what is being said. As I demonstrated in my last post, there are three scenarios whether colour blue can mean three totally...
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    OK IB - What Is Going On?!!!

    Can you get someone in here who does understand? Or consider this example: I place a sell limit order above the market and a sell stop-limit order below the market. They are set up so that one cancels the other (OCA). IB will display the sell stop-limit order as colour blue but it will NOT...
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    OK IB - What Is Going On?!!!

    Something is absolutely not right with this picture. Here’s another response from an IB rep to a trader talking about about using a stop-limit order on Globex when part of the OCA order type. “Dear Trader, Both stop and stop limit orders are native orders on Globex. However when placed...
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    OK IB - What Is Going On?!!!

    With all due respect - that is as clear as mud. Let's keep it simple with an example. I am trading the ES and I place a STOP-LIMIT order to buy above the market. The colour shown in TWS is (now) dark blue ...and my order stays that way for 30 minutes until the price is triggered. For those 30...
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